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New Perspectives on International Migration and Development$
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Jeronimo Cortina and Enrique Ochoa-Reza

Print publication date: 2013

Print ISBN-13: 9780231156806

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231156806.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 22 October 2021

Asian Migration to the United States

Asian Migration to the United States

Development Implications for Asia

(p.276) Chapter 10 Asian Migration to the United States
New Perspectives on International Migration and Development

Philip Martin

Columbia University Press

This chapter explores the developmental consequences of Asian migration to the United States by highlighting the three Rs of the migration-development nexus: recruitment, remittances, and returns. It argues that there is no automatic correlation between more migration and faster development and explains how migration can accelerate development in countries ready to grow or can perpetuate underdevelopment. It also considers how remittances can speed up development when the macroeconomic fundamentals are in place; that is, the implementation of a sound economic policy can give all residents, not only migrants, incentives to save and invest. Return migration, even when migrants bring home human and financial capital, cannot reverse per se the effects of deficient development policies. The best way for a migrant-sending country to maximize the developmental potentials of migration is to get the economic and institutional fundamentals right, which means having a growing economy, an appropriate exchange rate, a climate that fosters small investments, and respect for the rule of law and the rights of migrant workers.

Keywords:   development, Asia, migration, United States, recruitment, remittances, returns, economic policy, migrants, exchange rate

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